Budapest Airport parent Hochtief set to get €1.3 billion from sale of airport assets

City

Germany's Hochtief can expect to get more than €1.3 billion from the sale of its airport assets, which include Liszt Ferenc International Airport operator Budapest Airport, Reuters reported on Tuesday, citing several people familiar with the talks.

Three bidders are left in the running for the assets, which include stakes in airports in Athens, Budapest, and the German cities of Dusseldorf and Hamburg, as well as Sydney and Tirana. French construction group Vinci, China's HNA and a consortium of airport operator Fraport and Deutsche Bank fund RREEF are all offering about the same amount, two sources told Reuters.

Frankfurt airport operator Fraport, which is also eyeing a bid for Spain's Madrid and Barcelona airports, is only interested in the international portfolio, with RREEF agreeing to take on Dusseldorf and Hamburg to avoid competition problems, Reuters said.

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